FTSE closes up as Dubai worries fade

Wednesday 2nd December 2009

Britain's top share index the FTSE 100 closed up 0.29 per cent, 15.22 points, at 5,327.39 on Wednesday after record gains yesterday.

On Tuesday the index saw its largest one-day gain for more than four months as investors' worries over Dubai calmed.

Today miners gained as metal prices advanced and gold reached a record high, at 41,216.17 an ounce.

Drug-makers were also in demand, with AstraZeneca and GlaxoSmithKline up 0.4 and 0.2 percent respectively.

The banking sector felt the pressure, reversing Tuesday's gains, with RBS, HSBC, Lloyds and Standard Chartered losing between 0.5 and 2.1 per cent. ADNFCR-1783-ID-19491981-ADNFCR

Related News

'Drink to stay beautiful' ad banned - 02/12/09
An advert has been banned by the Advertising Standards Authority (ASA) after it was argued that the ad implied alcohol enhanced attractiveness

FTSE 100 holds firm in early trading - 02/12/09
The FTSE 100 held firm in early trading on Wednesday morning

FTSE 100 rebounds up 2.34 per cent - 01/12/09
The FTSE 100 ended the day up 121

Dubai shares continue to slump on second day - 01/12/09
The Dubai stock market dropped 6

FTSE 100 bounces back as Dubai slumps - 01/12/09
The FTSE 100 rebounded in style this morning despite markets in Dubai and Abu Dhabi recording significant drops for a second day running

<< Back To News Listings

News Article Search

Quick Apply